Companies and Corporations

A class-action suit filed in Kane County Tuesday alleges misinformation was provided about a downstate coal plant that ultimately has cost Batavia consumers higher electric rates. Nine Batavia residents and business owners listed as plaintiffs in the suit allege that consultants hired by the city made negligent misrepresentations "with respect to the construction, operation and other aspects" of the Prairie State Energy Campus and the cost of electricity generated at the coal plant, according to the 37-page complaint. They also claim the consultants made negligent investigations into the financial risks associated with the plant when the city agreed to help finance the project....

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When Lisa Harris Jones launched her law firm 14 years ago, she used the only money she saw as an option — her own.Harris Jones said she founded Harris Jones & Malone with $7,000 on the belief that "if I can't buy it flat out, then I don't need...

In recent weeks, the managers, employees and customers of a New England chain of supermarkets called Market Basket have joined together to oppose the board of director's decision in June to oust the chain's popular chief executive, Arthur...

Maryland's health department has alerted state contractors caring for disabled adults and children that they are obligated to report incidents at their facilities that involve police, fire and medical assistance.
The advisory — which comes as broader...

Tribune Co. completed the spinoff Monday of Tribune Publishing Co., which includes The Baltimore Sun and nine other daily newspapers.Tribune is just the latest multimedia news company to split up its broadcasting and publishing assets, joining Rupert...

"You shouldn't get to call yourself an American company only when you want a handout from the American taxpayers," President Obama said last week.
He was referring to American corporations now busily acquiring foreign companies in order to...

An $8.5 billion merger creating North America's biggest dollar store chain could mean increased competition for mass discounters such as Wal-Mart Stores Inc. but less choice for shoppers.In the Baltimore area and elsewhere, retail experts said, Dollar...

State officials said at a legislative briefing Thursday that their agencies must do more to flag financial mismanagement at group homes — problems similar to those that went unheeded at an Anne Arundel County facility where a 10-year-old disabled foster...

A Light Street parking lot moved a step closer to redevelopment Thursday, as the board of the Baltimore Development Corp. backed the use of $28 million in parking revenue bonds to pay for a garage on the site.
The financing was sought by Virginia-based...

Profits at T. Rowe Price Group Inc. increased 23 percent for the three-month period that ended in June, as a rising stock market pushed the amount of client money managed by the firm to a record high.The Baltimore-based company said Thursday that assets...

The new owners of a longtime Baltimore manufacturing company are considering moving operations to a new plant, possibly in Delaware, an executive with the firm said.
The buyers of Hedwin Corp. are looking at sites in Maryland and Delaware, said Maurice...

Beretta U.S.A., the American arm of the iconic Italian firearm maker, said Tuesday that it would move all of its U.S. manufacturing activities from Prince George's County to Tennessee in response to the gun control law the Maryland General Assembly passed...

Frito-Lay plans to add a parking lot to a large, open site it owns just outside Aberdeen city limits, across the railroad tracks from its existing plant.
The company wants to build 98 new spaces for trailers as part of its 164,244-square-foot expansion...

Maryland's Board of Public Works, a panel that includes the governor and other top state officials, did little to scrutinize millions in contracts it awarded in recent years to the financially strapped operator of a group home where a 10-year-old boy died...

Could Crumbs cupcakes be saved by Dippin' Dots?
Just days after the financially troubled Crumbs Bake Shops Inc. closed all 48 stores, including three at malls in the Baltimore area, the New York specialty chain stands to be acquired as part of a...

Maryland lawmakers and child advocates called Monday for an investigation into regulators' oversight of a troubled group home operator, asking why the state continued to give the company millions in taxpayer dollars despite long-standing financial and...

Developers haven't built a new power plant of any significance in Maryland for over a decade — one reason the state imports more electricity than almost any other in the country, racking up extra charges for consumers.But change is coming.Two large...

The recent death of a 10-year-old disabled foster child at an Anne Arundel County group home was just the latest in a series of problems at LifeLine, the state contractor that has been paid millions in taxpayer funds to care for "medically...

The owner of the closed Sparrows Point steel mill is working on selling a "significant percentage" of its stake in the property to local buyers, raising hopes for its eventual redevelopment.An attorney disclosed the potential sale this week in a...